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reddit

OVERALL

Owned
USA
Rating
Criticisms

Social media community website

Founded by Steve Huffman and Alex Ohanian in 2005, reddit is an online community where users submit, vote and comment on content, news and discussions. It is nicknamed 'the front page of the internet' and is the 7th most popular site in the USA. Acquired by Conde Nast Publications in 2006, it became a direct subsidiary of its parent company, Advance Publications in 2011. It has operated as an independent entity since 2012 but Advance Publications remains its largest shareholder.

Company Ownership

reddit Inc   USA     website   email   facebook   twitter
  Advance Publications Inc   
   owns 51% of reddit Inc  
USA     website         

Media and communications

Company owns Conde Nast Publications, American City Business Journals, the Golf Digest, plus companies and newspapers in more than 25 American cities. Subsidiaries have interests in cable televisions and internet sites, including reddit. It is the largest privately held media company in the US and Conde Nast is the USA's leading magazine publisher, including Vogue and GQ.

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
reddit Inc
Environment F rating at ClickClean.org
Greenpeace's 2017 report 'Clicking Clean' looks at the energy footprints of large data centre operators and popular websites and applications, and calls on these companies to power their data centres on renewable energy. Companies are graded (A,B,C,D,F) on their commitment to and procurement of renewable energy, as well as energy efficiency, transparency and advocacy. This company's final grade was F.
Source: Greenpeace (2017)
Business Ethics Addictive app design
Many apps are designed to be deliberately addictive, using psychological tricks that continuously grab your attention. The Center for Humane Technology partnered with Moment, an app that helps people track their screen time, to ask how much screen time in apps left people feeling happy, and how much time left them in regret. Apps were ranked with data collected from a pool of 200,000 iPhone users. This company's Reddit app ranked sixth in the Most Unhappy list, with 58% of users reporting they are "unhappy" with the app and how much time they spend on it, with daily usage averaging 56 minutes.
Source: Center for Humane Tech (2021)
Advance Publications Inc
Environment 9% in Forest 500 Rankings
Forest 500 identifies the 350 companies and 150 financial institutions with the greatest exposure to tropical deforestation risk, and annually assesses them on the strength and implementation of their deforestation and human rights commitments. This company received a score of 9%.
Source: Forest 500 (2021)

> About the Icons

Company Details

Type Private company
Revenue 3.8 million USD (2014)
Employees 90 (2016)

Contact Details

Address San Francisco, California, USA
Email contact@reddit.com
Website www.reddit.com

Products / Brands

reddit
Reddit Social Media


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